The grand total of vehicles across categories grew by 23.5% y-o-y to 24,50,944 units as compared with 19,83,771 units in the corresponding month last year
Passenger vehicles (PVs), two-wheelers and three-wheelers posted their highest-ever domestic wholesales (dispatches to dealers) of January in 2026, with double digit growth, compared to January 2025, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.
The domestic PV dispatches grew by 12.6 per cent year-on-year (y-o-y) to 4,49,616 units in January 2026, as compared with 3,99,386 units in January 2025, the auto industry body mentioned in its monthly sales data.
Similarly, total two-wheelers dispatches to dealers grew by 26.2 per cent y-o-y in January to 19,25,603 units as compared with 15,26,218 units in January 2025.
Total three-wheelers wholesales also witnessed a strong growth of 30.2 per cent y-o-y to 75,725 units as compared with 58,167 units in the corresponding month last year.
“The new year has begun on a positive note, extending the strong momentum seen in the previous quarter, supported by sustained demand following the GST rate reduction. The initiatives announced in the Union Budget 2026 to strengthen India’s manufacturing base, along with existing policy tailwinds, are expected to deliver long-term benefits for the sector and support growth in the medium term,” Rajesh Menon, Director General, SIAM, said.
The grand total of vehicles across categories grew by 23.5 per cent y-o-y to 24,50,944 units as compared with 19,83,771 units in the corresponding month last year.
In terms of export also, all three categories including PVs, two-wheelers and three-wheelers reported double digit growths on the y-o-y basis.
For instance, the total PV exports grew by 33.4 per cent y-o-y to 76,822 units during the month as against 57,585 units in the same month last year.
The total two-wheeler exports grew by 20 per cent y-o-y to 4,56,435 units in January this year as compared with 3,80,528 units in January 2025, the SIAM data indicated.
Similarly, the total three-wheeler exports grew by 54.6 per cent y-o-y to 36,879 units last month as compared with 23,859 units in the same month a year ago.
Grand total exports of all the vehicles across categories grew by 23.5 per cent y-o-y to 5,71,066 units in January as compared with 4,62,500 units in the corresponding month last year.
Disclaimer: Moneywealth research provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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